Golden Agri Resources back in the black with $270.60m profits in 2019

28 Feb 2020 - Singapore Business Review
The removal of export levies in Indonesia lifted its palm and laurics segment. Golden Agri Resources popped the champagne for 2019 as profits recovered to $270.60m (US$193.98m) from a $2.47m (US$1.77m) loss in the previous year, according to its financial statement. Despite weaker crude palm oil (CPO) ...
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City Developments' profit inched up 1.3% to $564.58m in 2019

26 Feb 2020 - Singapore Business Review
Growth was driven by the unwinding of its second profit participation securities. City Developments (CDL) saw its profits inch up by 1.3% to $564.58m in 2019, from $557.33m in the previous year. Full-year revenues, meanwhile, fell by $18.8% to $3.43b, from $4.22b in 2018. In Q4, the company’s profits ...
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UOB's net profits up 8% to $4.32b in FY2019

21 Feb 2020 - Singapore Business Review
A final dividend of $0.55 and a special dividend of $0.20 was as recommended. United Overseas Bank’s (UOB) posted a full-year net profit of $4.32b for 2019, 8% YoY higher than the $4.01b in 2018, the company announced in an SGX filing. Total income jumped 10% YoY to $10.03b, led by growth in client franchise ...
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SIAEC forms line maintenance JV with Air Innovation Korea - Singapore Business Review

17 Feb 2020 - Singapore Business Review

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SIAEC forms line maintenance JV with Air Innovation Korea

17 Feb 2020 - Singapore Business Review
The company will have an initial registration capital of $5.53m. SIA Engineering Company (SIAEC) has entered into a joint venture (JV) agreement with Air Innovation Korea (AIK) for a Korea-based line maintenance project, according to a press release. Under the agreement, SIAEC will hold an equity stake ...
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DBS Group's profits up 14% to $6.39b in 2019

13 Feb 2020 - Singapore Business Review
A 17% growth in fee income boosted income in Q4. DBS Group's net profit rose 14% YoY to $6.39b in 2019, from $5.63b in 2018, the company announced in an SGX filing. Total income grew 10% to $14.54b over the same period. In Q4, profit expanded 14% YoY to almost $1.51b, attributed to a broad-based business ...
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View: Budget proposals will have negative impact on insurance sector - Economic Times

5 Feb 2020 - Economic Times

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GIC buys real estate portfolio in Europe for $1.43b

16 Dec 2019 - Singapore Business Review
It includes 28 assets in logistics hubs across Europe. GIC has agreed to acquire a pan-European logistics real estate portfolio, Maximus for about $1.43b (€950m) in a bid to scale up its P3 logistics platform, according to a news release. The portfolio was bought from funds managed by affiliates of alternative ...
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SGX Welcomes Secura Group Limited To Catalist - Exchange News Direct

14 Nov 2019 - Exchange News Direct

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Foreign selling rose to RM2.6b in August — MIDF - The Edge Markets MY

3 Sep 2019 - The Edge Markets MY

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